Zacks Investment Research upgraded Tech Data Corp (NASDAQ:TECD) to Hold in a report released today.
- Updated: September 26, 2016
Yesterday Tech Data Corp (NASDAQ:TECD) traded -2.00% lower at $87.31. The company’s 50-day moving average is $77.50 and its 200-day moving average is $74.87. The last stock close price is up 14.27% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 554,099 shares of the stock were exchanged, down from an average trading volume of 565,545
Zacks Investment Research has upgraded Tech Data Corp (NASDAQ:TECD) to Hold in a report released on 9/26/2016.
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Tech Data Corp has a 52 week low of $57.99 and a 52 week high of $88.70 with a P/E ratio of 13.89 TECD’s total market value is presently $0.
A total of 4 brokerages have reported on the stock. One equity analyst rating the company a strong buy, zero brokerages rating the company a buy, five brokers rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the company a sell with a one year target of $67.25.
More About Tech Data Corp (NASDAQ:TECD)
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services. It operates in two geographic segments: the Americas and Europe. It provides resellers training and technical support suite of electronic commerce tools customized shipping documents product configuration or integration services and access to financing programs. Its customers include value-added resellers, direct marketers, retailers and corporate resellers who support the diverse technology needs of end users. It sells its products to customers in approximately 100 countries throughout North America, South America, Europe, the Middle East and Africa.
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